Reso 2013-2162 - Laserfiche WebLink

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square feet contained in the Sublease Premises and this Sublease as so modified shall continue in full force and effect. If consent is once given by Sublessor to a Transfer, Sublessor shall not be barred or in any way limited from subsequently refusing to consent to any further or subsequent Transfer. 20. Access to Premises. Subtenant shall allow Sublessor and Landlord, their agents, contractors, or employees access to the Sublease Premises throughout the Term at all reasonable times with reasonable prior notice for the purpose of inspecting or of making any repairs, additions, improvements, or alterations to the Sublease Premises or adjacent portions of the Project or any property owned by or under the control of either party, or to exhibit the Sublease Premises to prospective purchasers of the Project, or (during the last 12 months of the Term) to prospective tenants, assignees, and /or subtenants. 21. Default of Subtenant. 21.1 Events of Default: If (a) any rents or other payment reserved, including, without limitation, Base Rent, Percentage Rent , or any part thereof, become due and remain unpaid for more than three (3) days after the same is due and payable, (b) Subtenant fails to maintain the insurance required under this Sublease, (c) there is a Transfer of this Sublease or Subtenant's rights hereunder without the prior consent of Sublessor and Landlord, (d) Subtenant shall vacate or abandon the Sublease Premises, (e) Subtenant becomes bankrupt or insolvent or makes a general assignment for the benefit of creditors or takes the benefit of any insolvency act, or if any debtor proceedings shall be taken by or against Subtenant; (f) a receiver or trustee in bankruptcy is appointed for Subtenant's property and the appointment is not vacated and set aside within thirty (30) days from the date of the appointment; or (g) Subtenant violates or defaults in any other provision(s) of this Sublease, and fails to cure or remedy the same within fifteen (15) days after Sublessor or Landlord shall have given Subtenant written notice specifying such violation or default, then in any of such events, Landlord or Sublessor, as the case may be, may exercise all rights and remedies available under the Prime Lease and at law and equity. 21.2 Acceleration. If Landlord and Sublessor elect to terminate this Sublease pursuant to this Section 21, they shall have the option, to be exercised in their sole discretion, to declare the entire balance of all forms of rent due under this Sublease for the remainder of the Term to be forthwith due and payable and may collect the then present value of the rents (calculated using a discount rate equal to 400 basis points over the yield then obtainable from the United States Treasury Bill or Note with a maturity date closest to the date of expiration of the Term). If Sublessor exercises its remedy to retake possession of the Sublease Premises and collects from Subtenant all forms of rent owed for the remainder of the Term, Sublessor shall account to Subtenant, at the date of the expiration of the Term, for amounts actually collected by Sublessor as a result of a reletting, net of Subtenant's obligations as specified above. Termination of this Sublease requires the consent of the Landlord and Sublessor. 13